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WEATHER ALERT

An air quality advisory in effect for Sanilac Region

MARY BARRA


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2 days ago

General Motorsโ€™ profit and revenue drops, but it maintains lowered full-year outlook

Read full article: General Motorsโ€™ profit and revenue drops, but it maintains lowered full-year outlook

General Motorsโ€™ profit and revenue declined in its second-quarter but the automakerโ€™s results managed to easily top Wall Streetโ€™s expectations and the company stuck by its full-year financial outlook that it lowered in May.

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GM to invest $4 billion to shift some production from Mexico to the US

Read full article: GM to invest $4 billion to shift some production from Mexico to the US

Shares of General Motors are up before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher.

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CEO pay rose nearly 10% in 2024 as stock prices and profits soared

Read full article: CEO pay rose nearly 10% in 2024 as stock prices and profits soared

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.

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General Motors trims 2025 guidance, anticipating potential $5 billion tariff impact

Read full article: General Motors trims 2025 guidance, anticipating potential $5 billion tariff impact

General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.

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Eminem joins forces with Detroit investors to help bring WNBA back to Motor City

Read full article: Eminem joins forces with Detroit investors to help bring WNBA back to Motor City

Eminemโ€™s involvement is expected to enhance the city's chances of bringing the Detroit Shock back to WNBA.

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US auto industry could be collateral damage in Trump's trade wars

Read full article: US auto industry could be collateral damage in Trump's trade wars

President Donald Trumpโ€™s trade wars threaten to claim a casualty on the home front: the American auto industry.

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General Motors swings to fourth quarter loss on toughening China conditions, but tops expectations

Read full article: General Motors swings to fourth quarter loss on toughening China conditions, but tops expectations

General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street.

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Hereโ€™s what President Trump said about the auto industry during his Inauguration Speech

Read full article: Hereโ€™s what President Trump said about the auto industry during his Inauguration Speech

Among his promises was a revival of the auto industry, something he spoke of frequently while campaigning.

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Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets

Read full article: Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets

The poor performance of General Motorsโ€™ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.

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Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan

Read full article: Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan

Two towers at Detroitโ€™s iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced on Monday.

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Morning 4: When to expect rain amid Memorial Day weekend in Michigan -- and more news

Read full article: Morning 4: When to expect rain amid Memorial Day weekend in Michigan -- and more news

Morning 4 is a quick roundup of stories we think you should know about to start your day.

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GMโ€™s Mary Barra doesnโ€™t rule out demolishing Detroitโ€™s iconic Renaissance Center after move

Read full article: GMโ€™s Mary Barra doesnโ€™t rule out demolishing Detroitโ€™s iconic Renaissance Center after move

With General Motors moving from the Renaissance Center to the new Hudsonโ€™s building next year, the future of Detroitโ€™s skyline crown jewel is a question mark.

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General Motors reports strong first-quarter profits as prices help offset small US sales dip

Read full article: General Motors reports strong first-quarter profits as prices help offset small US sales dip

Despite a small dip in U.S. vehicle sales, General Motorsโ€™ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.

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Future of Ren Cen uncertain as General Motors plans relocation to Hudsonโ€™s tower in Detroit

Read full article: Future of Ren Cen uncertain as General Motors plans relocation to Hudsonโ€™s tower in Detroit

General Motors, a key player in Detroit's development and the owner of the Renaissance Center, are making a significant move.

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General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center

Read full article: General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center

General Motors will move its Detroit headquarters to a new downtown office building next year and redevelop its iconic home along the Detroit River.

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GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to US

Read full article: GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to US

General Motorsโ€™ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkersโ€™ strike.

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Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth

Read full article: Automakers, dealers and shoppers dawdle on EVs despite strong year in US sales growth

The EV trend in the US at the end of 2023 is a little tough to tease out.

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Gov. Whitmer wants state fleet to go EV by 2040

Read full article: Gov. Whitmer wants state fleet to go EV by 2040

Currently, the state has only three EVs in the fleet, so thereโ€™s a long way to go.

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GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident

Read full article: GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident

California regulators are alleging a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.

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GM says it can handle rising labor costs as it announces huge share buyback and dividend increase

Read full article: GM says it can handle rising labor costs as it announces huge share buyback and dividend increase

Clearly frustrated with its languishing share price, General Motors is announcing a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike.

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Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreads

Read full article: Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreads

A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that.

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UAW justifies wage demands by pointing to CEO pay raises. So how high were they?

Read full article: UAW justifies wage demands by pointing to CEO pay raises. So how high were they?

The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase.

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What's at stake as 13,000 workers go on strike at major US auto makers

Read full article: What's at stake as 13,000 workers go on strike at major US auto makers

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldnโ€™t reach a deal with Detroitโ€™s automakers.

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General Motors Q2 profit up 52% on strong sales, company confirms new Chevy Bolt EV is coming

Read full article: General Motors Q2 profit up 52% on strong sales, company confirms new Chevy Bolt EV is coming

General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago.

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GMโ€™s electric vehicles will gain access to Teslaโ€™s vast charging network

Read full article: GMโ€™s electric vehicles will gain access to Teslaโ€™s vast charging network

Electric vehicles made by General Motors will be able to use much of Teslaโ€™s vast charging network starting early next year.

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Flashpoint: UAW president sets stage referring to the big 3 automakers as โ€˜the enemy,โ€™ latest on gun reform

Read full article: Flashpoint: UAW president sets stage referring to the big 3 automakers as โ€˜the enemy,โ€™ latest on gun reform

Watch Flashpoint every Sunday at 10 a.m. on Local 4 News at Local 4+.

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GM making some performance-related job cuts

Read full article: GM making some performance-related job cuts

General Motors is making some performance-related job cuts among some of its salaried employees and executives.

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UAW says workers at Ohio battery plant vote to join union

Read full article: UAW says workers at Ohio battery plant vote to join union

Workers at a General Motors joint venture electric vehicle battery factory in Ohio have voted to join the United Auto Workers union.

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GM CEO Barra says electric vehicles to be profitable by 2025

Read full article: GM CEO Barra says electric vehicles to be profitable by 2025

General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025.

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GM sidesteps economic headwinds; Q3 profit jumps nearly 37%

Read full article: GM sidesteps economic headwinds; Q3 profit jumps nearly 37%

General Motorsโ€™ third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent parts supply chain troubles.

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GM spending $760M to convert Toledo factory to make EV parts

Read full article: GM spending $760M to convert Toledo factory to make EV parts

General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles.

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Hertz to order up to 175K GM electric vehicles over 5 years

Read full article: Hertz to order up to 175K GM electric vehicles over 5 years

Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop electric vehicles from General Motors over the next five years.

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Cheaper electric vehicles coming despite high battery costs

Read full article: Cheaper electric vehicles coming despite high battery costs

Auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers.

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GM venture starts building battery cells at new Ohio factory

Read full article: GM venture starts building battery cells at new Ohio factory

General Motors says a new electric vehicle battery plant built in Ohio has started producing cells, which could help customers get federal tax credits.

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Hobbled by chip, other shortages, GM profit slides 40% in Q2

Read full article: Hobbled by chip, other shortages, GM profit slides 40% in Q2

General Motorsโ€™ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and caused the companyโ€™s U.S. sales to fall more than 15%.

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Automakers targeting average households with new crop of EVs

Read full article: Automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, Americaโ€™s automakers targeted people who value short-range economy cars.

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GM CEO Barra says headquarters to stay in downtown Detroit

Read full article: GM CEO Barra says headquarters to stay in downtown Detroit

General Motors will keep its headquarters in its seven-building office tower complex in downtown Detroit, its CEO says.

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GMโ€™s Mary Barra stands by ambitious EV pledge

Read full article: GMโ€™s Mary Barra stands by ambitious EV pledge

The economy is a bit wobbly, but General Motors CEO Mary Barra isnโ€™t backing off of an audacious prediction: She pledges that by the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.

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Automakers ask Congress to lift electric vehicle tax cap

Read full article: Automakers ask Congress to lift electric vehicle tax cap

Major automakers are asking Congress to lift the cap on how many people can receive tax credits for buying a hybrid or fully electric vehicle.

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Pay for female CEOs rose 26% in 2021, but ranks remain small

Read full article: Pay for female CEOs rose 26% in 2021, but ranks remain small

Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.

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CEO pay rose 17% in 2021 as profits soared; workers trailed

Read full article: CEO pay rose 17% in 2021 as profits soared; workers trailed

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million.

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GM's $2.94B 1Q profit tops Street views, but revenue misses

Read full article: GM's $2.94B 1Q profit tops Street views, but revenue misses

General Motorsโ€™ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, though higher prices helped boost revenue, especially in North America.

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GM to offer electrified Corvette as early as next year

Read full article: GM to offer electrified Corvette as early as next year

General Motors says it will be offering an electrified Corvette as early as next year as it continues to strengthen its foothold in the electric vehicle market.

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Toyota buyers soon will lose US electric vehicle tax credits

Read full article: Toyota buyers soon will lose US electric vehicle tax credits

Toyota customers soon wonโ€™t be able to get U.S. federal tax credits for buying electric or plug-in hybrid vehicles.

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EXPLAINER: A scarcity of chips feeds frustration, inflation

Read full article: EXPLAINER: A scarcity of chips feeds frustration, inflation

Even coming off its fastest rate of annual growth in 37 years, the U.S. economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports, and entertains us.

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Biden gets CEO support for economic agenda

Read full article: Biden gets CEO support for economic agenda

President Joe Biden is getting support from several business leaders on his economic agenda that has stalled in the Senate.

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GM to spend nearly $7B on EV, battery plants in Michigan

Read full article: GM to spend nearly $7B on EV, battery plants in Michigan

General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.

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Michigan OKs $824M in incentives for GMโ€™s EV, battery plants

Read full article: Michigan OKs $824M in incentives for GMโ€™s EV, battery plants

General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.

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Scaled-back CES gadget show returns to Las Vegas Strip

Read full article: Scaled-back CES gadget show returns to Las Vegas Strip

Thousands of people have gathered in Las Vegas for a tech conference thatโ€™s been scaled back because of COVID-19 precautions.

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New GM electric truck faces competition and skeptical buyers

Read full article: New GM electric truck faces competition and skeptical buyers

Even though the consumer appetite for electric pickup trucks is a bit murky, the competition for buyers just got a whole lot tougher.

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GM CEO says making ventilators changed the company culture

Read full article: GM CEO says making ventilators changed the company culture

The CEO of General Motors says the automaker learned valuable lessons last year when it stepped in to boost emergency production of ventilators to treat severely ill COVID-19 patients.

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Ford, GM profits fall as sales drop due to chip shortage

Read full article: Ford, GM profits fall as sales drop due to chip shortage

The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.

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General Motorsโ€™ promise for the future: Double revenue, lead in electric cars

Read full article: General Motorsโ€™ promise for the future: Double revenue, lead in electric cars

General Motors is hosting its 2021 Investor Day pitching Wall Street on its plans to double revenue to $280 billion by 2030 and showcasing its plans for electric vehicles and new technology.

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GM sets to double revenue, lead US in electric vehicle sales

Read full article: GM sets to double revenue, lead US in electric vehicle sales

General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030.

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GM sets to double revenue, lead US in electric vehicle sales

Read full article: GM sets to double revenue, lead US in electric vehicle sales

General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030.

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General Motors CEO, Detroit mayor announce new GM-funded initiative to help cityโ€™s residents

Read full article: General Motors CEO, Detroit mayor announce new GM-funded initiative to help cityโ€™s residents

General Motors CEO Mary Barra and Detroit Mayor Mike Duggan announced another GM-funded initiative to help the cityโ€™s residents.

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From CVS to Goldman Sachs, FDA move prompts vaccine mandates

Read full article: From CVS to Goldman Sachs, FDA move prompts vaccine mandates

From Walt Disney World to Goldman Sachs, a flurry of private and public employers are requiring workers to get vaccinated against COVID-19 after the federal government gave full approval to the Pfizer shot.

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GM posts $2.8B profit, but cautious tone sinks share price

Read full article: GM posts $2.8B profit, but cautious tone sinks share price

General Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors.

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Eying deal, GM softens on tough standards for car pollution

Read full article: Eying deal, GM softens on tough standards for car pollution

The nationโ€™s largest automaker says it can support greenhouse gas emissions limits that other car manufacturers negotiated with California โ€” if they are achieved mostly by promoting sales of fully electric vehicles.

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Female CEOs saw ranks dwindle in 2020; median pay fell 2%

Read full article: Female CEOs saw ranks dwindle in 2020; median pay fell 2%

Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses.

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Big Three see more auto plant closures as chip shortage continues

Read full article: Big Three see more auto plant closures as chip shortage continues

Ford Motor Company announced new plant closures. The Big Three all believe the next three months will be the most expensive part of the shortage.

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GM profit surges to $2.98B on sales of higher-margin trucks

Read full article: GM profit surges to $2.98B on sales of higher-margin trucks

General Motorsโ€™ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices overcame production cuts brought on by the global shortage of computer chips.

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GM boosts ad spending with Black-owned media in wake of racism allegations

Read full article: GM boosts ad spending with Black-owned media in wake of racism allegations

GM has committed to increase ad spending from half a percent of the billions spent every year to 2% this year, 4% percent in 2022 and 8% by 2025.

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The Latest: New Mexico preparing for 'vaccine hesitancy'

Read full article: The Latest: New Mexico preparing for 'vaccine hesitancy'

New Mexico health officials say they are preparing to respond to pockets of vaccine hesitancy in some communities as overall interest increases in receiving the vaccine for COVID-19.

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GM makes $2.3 billion investment to build battery plant in Tennessee

Read full article: GM makes $2.3 billion investment to build battery plant in Tennessee

GM CEO Mary Barra made it clear itโ€™s a new day for a new way of driving.

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Union, automakers headed for fight over battery plant wages

Read full article: Union, automakers headed for fight over battery plant wages

The United Auto Workers union is calling on General Motors to pay full union wages at electric vehicle battery factories, thrusting what was a festering conflict into the spotlight because automakers want to pay less.

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Leaders of GM, Ford among opponents of GOP voting restrictions

Read full article: Leaders of GM, Ford among opponents of GOP voting restrictions

The leaders of three-dozen major Michigan-based companies, including General Motors and Ford, have announced their objection to Republican-sponsored election bills that would make it harder to vote in Michigan and other states.

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GM postpones meeting with Black-owned media executives

Read full article: GM postpones meeting with Black-owned media executives

A meeting between GM officials and Black media owners was canceled Thursday by the automaker.

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GM responds to allegations of racism

Read full article: GM responds to allegations of racism

DETROIT โ€“ GM is responding to allegations of racism that were printed in a full-page advertisement in Sundayโ€™s Detroit Free Press. The advertisement accuses GM CEO Mary Barra of consistently refusing to meet with several Black-owned media companies. Detroiter Byron Allen is asking GM to allocate at least 5% of its advertising budget to go toward Black-owned media companies. The ad claims less than 1% of GMโ€™s marketing budget goes toward Black-owned media companies. GMThe automaker cited its work with HBCUs, its partnership with National Association Of Black Owned Broadcasters and AIMM.

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GM expands board to 13 with Meg Whitman and NBA's Mark Tatum

Read full article: GM expands board to 13 with Meg Whitman and NBA's Mark Tatum

General Motors expanded its board of directors to 13, appointing former Hewlett-Packard chief Whitman and NBA executive Mark Tatum effective Thursday, March 25, 2021. Seven of GMs directors are now women, including board chair and Chief Executive Officer Mary Barra, who in 2014 became the first woman to lead a major U.S. automaker. (AP Photo/Richard Drew, File)DETROIT โ€“ General Motors said Thursday that it has expanded its board to 13 members and appointed former Hewlett-Packard chief Meg Whitman and NBA executive Mark Tatum as directors. There has been an acknowledgment in the U.S. and abroad that white men are overrepresented on the boards of major corporations. Women hold 43.8% of the board seats at companies in Franceโ€™s 40 biggest publicly traded companies, the U.K. panel said.

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Marriott CEO Sorenson, 62, dies of pancreatic cancer

Read full article: Marriott CEO Sorenson, 62, dies of pancreatic cancer

FILE - In this Dec. 19, 2012, file photo, Marriott CEO Arne Sorenson speaks during a groundbreaking ceremony for a Marriott hotel in Port-au-Prince, Haiti. Sorenson was the third CEO in Marriotts 93-year history, and the first without the Marriott surname. Sorenson reduced his schedule at Marriott this month to pursue a more aggressive cancer treatment. He was first diagnosed with pancreatic cancer in 2019; a recent routine scan had confirmed the cancer had returned, the company said. Sorenson was the first Marriott CEO whose name was not Marriott, and only the third to lead the company in its 93-year history.

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Cost of a single Bitcoin exceeds $50,000 for first time

Read full article: Cost of a single Bitcoin exceeds $50,000 for first time

โ€“ The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Some businesses also accept bitcoin, but its popularity has stalled out in recent years. Overstock.com appears to accept Bitcoin for most listings on its website, including cameras, vacuums and clothes. When this bubble bursts and at what price Bitcoin settles at is anyoneโ€™s guess,โ€ Reiners said.

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GM's Chevy Bolt SUV joins parade of new US electric vehicles

Read full article: GM's Chevy Bolt SUV joins parade of new US electric vehicles

The Bolt Electric Utility Vehicle will go on sale early this summer as a 2022 model. About 2.5 million electric vehicles were sold worldwide last year. Fully electric vehicles accounted for less than 2% of U.S. new vehicle sales last year, and Americans continue to spend record amounts on larger gas-powered trucks and SUVs. IHS Markit analyst Stephanie Brinley said the new SUV is another step toward wider adoption of fully electric vehicles, but it will take many more. The credit is phased out after manufacturers hit 200,000 in electric vehicle sales, and GM and Tesla have both passed that level.

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Autoworkers face uncertain future in an era of electric cars

Read full article: Autoworkers face uncertain future in an era of electric cars

It also clouded the future for 50,000 GM workers whose skills โ€” and jobs โ€” could become obsolete far sooner than they knew. But President Joe Biden has made the development of a U.S. electric vehicle supply chain a key part of his ambitious plan to create 1 million more auto industry jobs with electric vehicles. The more environmentally focused plants of the future will need fewer workers, mainly because electric vehicles contain 30% to 40% fewer moving parts than petroleum-run vehicles. At the century-old transmission plant in Toledo, GM workers make sophisticated six-, eight-, nine- or 10-speed gearboxes. Eventually, those parts will be replaced by far simpler single-speed drivetrains for electric vehicles.

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GM 2020 profit drops, but it makes $6.43B despite pandemic

Read full article: GM 2020 profit drops, but it makes $6.43B despite pandemic

General Motors net profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. (AP Photo/Richard Drew, File)DETROIT โ€“ General Motors' profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. GM predicted the shortage will cost it $1.5 billion to $2 billion in earnings before taxes this year due to lost production. Still, GM expects pretax income for the year of $10 billion to $11 billion, or $4.50 to $5.25 per share. Of that, $6 billion would go to electric vehicles and $1 billion would go to autonomous, Chief Financial Officer Paul Jacobson said.

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General Motors sets goal of going largely electric by 2035

Read full article: General Motors sets goal of going largely electric by 2035

The Detroit automaker's push into electric vehicles has gone into overdrive this year. By the end of 2025, 40% of its U.S. models will be battery electric vehicles. The company plans to include crossovers, SUVs, sedans and trucks in its electric vehicle lineup. It's also working with others, including the Environmental Defense Fund, to build out the necessary infrastructure to power its electric vehicles and to promote their use. It wants to be seen as a clean vehicle company, rather than a builder of cloud-spewing gas-powered pickups and SUVs.

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5 CES Trends to Watch

Read full article: 5 CES Trends to Watch

FILE - People look at a 145 inch Ultra Large UHD display in the LG booth at the CES tech show, on Jan. 8, 2020, in Las Vegas. CES, the annual gadget show that showcases the buzziest and brightest tech, looks different this year less Vegas glitz, more internet efficiency. Trends to watch reflect the tumultuous year that preceded it. These include COVID-related robots and gadgets, products that make it easier to work from home, more uses for 5G technology, AI infused in everything, and TVs that can bend or even become transparent. On the last day of CES, Samsung will debut its new 5G enabled iteration of its Samsung Galaxy phone โ€” an event that isn't affiliated with CES but still likely to draw buzz.

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GM charges up new unit to sell electric delivery vans, gear

Read full article: GM charges up new unit to sell electric delivery vans, gear

This photo provided by General Motors shows EP1 electric pallet. General Motors is forming a new business unit to tap the market for delivery vehicles and equipment powered by electricity. Then GM will roll out a clean electric delivery van. Showing Wall Streetโ€™s fascination with electric vehicles, GM shares rose to their highest intraday price since the company left bankruptcy protection in 2010. GM has pledged to roll out 30 new electric vehicles globally and spend $27 billion developing them by 2025.

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General Motors CEO Mary Barra calls for peace: โ€˜Itโ€™s imperative that we come togetherโ€™

Read full article: General Motors CEO Mary Barra calls for peace: โ€˜Itโ€™s imperative that we come togetherโ€™

FILE - In this July 16, 2019 file photo, General Motors Chairman and Chief Executive Officer Mary Barra speaks during the opening of their contract talks with the United Auto Workers in Detroit. General Motors says it will no longer support the Trump administration in legal efforts to end California's right to set its own clean-air standards. Barra said in a letter Monday, Nov. 23, 2020 to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to do so. (AP Photo/Paul Sancya)(Copyright 2019 The Associated Press. All rights reserved)

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GM flips to California's side in pollution fight with Trump

Read full article: GM flips to California's side in pollution fight with Trump

DETROIT โ€“ General Motors is switching sides in the legal fight against California's right to set its own clean-air standards, abandoning the Trump administration as the president's term nears its close. CEO Mary Barra said in a letter Monday to environmental groups that GM will no longer support the Trump administration in its defense against a lawsuit over its efforts against California's standards. Already at least one other large automaker, Toyota, said it may join GM in switching to California's team. About a dozen other states follow California's standards. In September of 2019, Trump announced his administration would seek to revoke Californiaโ€™s congressionally granted authority to set standards that are stricter than those issued by federal regulators.

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'More people may die': Biden urges Trump to aid transition

Read full article: 'More people may die': Biden urges Trump to aid transition

โ€œMore people may die if we donโ€™t coordinate,โ€ Biden told reporters during a news conference Monday in Wilmington, Delaware. The Trump administration is working on its own distribution plan, while Bidenโ€™s chief of staff indicated his transition team will proceed with their own planning separately because of the obstruction. Last week, a larger group of Republicans in Congress called on the Trump administration to allow Biden to begin receiving national security briefings. Since defeating Trump, Biden has devoted most of his public remarks to encouraging Americans to wear masks and embrace social distancing measures. But on whether Biden should receive coronavirus briefings, many of Trump's allies on Capitol Hill remained dug in.

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'More people may die': Biden urges Trump to aid transition

Read full article: 'More people may die': Biden urges Trump to aid transition

โ€œMore people may die if we donโ€™t coordinate,โ€ Biden told reporters during a news conference in Wilmington, Delaware. The Trump administration is working on its own distribution plan, while Bidenโ€™s chief of staff indicated his transition team will proceed with their own planning separately because of the obstruction. Last week, a larger group of Republicans in Congress called on the Trump administration to allow Biden to begin receiving national security briefings. Since defeating Trump, Biden has devoted most of his public remarks to encouraging Americans to wear masks and embrace social distancing measures. But on whether Biden should receive coronavirus briefings, many of Trump's allies on Capitol Hill remained dug in.

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GM to make electric vehicle, supply batteries for Nikola

Read full article: GM to make electric vehicle, supply batteries for Nikola

General Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola. In exchange for the 10-year deal, GM will get a $2 billion worth of Nikola's newly-issued common stock that will come three increments through 2025. GM has been under pressure from Wall Street to more quickly monetize its electric vehicle technology, perhaps spinning off its EV unit as a separate company. GM has its own battery electric truck, a GMC Hummer, due to go on sale a year ahead of the Badger. GM also will get supply contracts for batteries and fuel cells and electric vehicle regulatory credits that can be used by GM to comply with fuel economy and pollution standards, or sold to other companies.

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Ivanka Trump tours GMs Technical Learning University with CEO Mary Barra

Read full article: Ivanka Trump tours GMs Technical Learning University with CEO Mary Barra

Michigan is a battleground state state for the 2020 presidential election, which makes it a popular place for candidates and their representatives to visit. The presidents daughter and advisor, Ivanka Trump, toured a General Motors facility in Warren Wednesday. GM CEO Mary Barra joined Deputy Commerce Secretary Karen Dunn Kelly and Ivanka Trump at the new GM Technical Learning University, where GM employees keep their skills current. Weve invested in a training facility, Barra said. This is a nice continuation of what weve been doing in this space in the most important resource of this country, which is our people, whether they be students or workers, Trump said.

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LIVE STREAM: Ivanka Trump to tour GMs Technical Learning University with Mary Barra

Read full article: LIVE STREAM: Ivanka Trump to tour GMs Technical Learning University with Mary Barra

Ivanka Trump is scheduled to be in Michigan on Wednesday for a tour at a General Motors facility. According to the White House, Ivanka Trump will tour GMs Technical Learning University at the Global Tech Center in Warren with Marry Barra, GM chairman and CEO, on Wednesday, Sept. 2. (She will) learn more about GMs programs to improve the technical ability of their skilled trades workers and manufacturing engineers, reads a statement from the White House. Prioritizing the American worker and their family is the top priority, and Im proud to visit General Motors Technical Learning University, where workers are learning on-the-job while earning a paycheck. Detroit, GM, and the talented GM workforce are ensuring the great American comeback is underway and Im looking forward to seeing firsthand, reads a statement from Ivanka Trump.

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Ivanka Trump to tour GMs Technical Learning University this week with Mary Barra

Read full article: Ivanka Trump to tour GMs Technical Learning University this week with Mary Barra

Ivanka Trump is scheduled to be in Michigan this week for a tour at a General Motors facility. According to the White House, Ivanka Trump will tour GMs Technical Learning University at the Global Tech Center in Warren with Marry Barra, GM chairman and CEO, on Wednesday, Sept. 2. The group will meet apprentices and employees on campus and interact with a number of manufacturing and educational stations at the Technical Learning University.Ivanka Trump holds an advisor role in her fathers administration. Prioritizing the American worker and their family is the top priority, and Im proud to visit General Motors Technical Learning University, where workers are learning on-the-job while earning a paycheck. Detroit, GM, and the talented GM workforce are ensuring the great American comeback is underway and Im looking forward to seeing firsthand, reads a statement from Ivanka Trump.

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Rising star in Detroit departs suddenly for Silicon Valley

Read full article: Rising star in Detroit departs suddenly for Silicon Valley

The chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise departure to join Jack Dorsey's startup, Stripe. She has helped the company strengthen our balance sheet, improve our cost structure, focus on cash generation and drive the right investments for our future. Stripe is maintaining a $2 billion balance sheet, more fortress-like than besieged, as so many major companies have become during the COVID-19 crisis. Adding to Stripes client roster this year alone are the companies Caviar, Coupa, Just Eat, Mattel, NBC, and Paid. I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripes already steep growth trajectory.General Motors named John Stapleton, GM North America chief financial officer, as acting global chief financial officer, effective Saturday.

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Plug it in: Electric car charging station numbers are rising

Read full article: Plug it in: Electric car charging station numbers are rising

There are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs. Currently electric vehicles make up only about 1.3% of total new vehicle sales in the U.S., according to the Edmunds.com auto site. But the bulk of the nations public charging network is much slower. Electrify America now has over 450 charging stations in the U.S. with more than 2,000 fast-charging outlets, Moran said. Guidehouse analyst Sam Abuelsamid said the number of chargers is increasing rapidly and should be enough to meet demand as more electric vehicles are sold.

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Q&A with General Motors CEO Mary Barra

Read full article: Q&A with General Motors CEO Mary Barra

Its gotten a whole lot more complicated since Mary Barra took over as CEO of General Motors in 2014. People understood that were working hard to keep the environment safe for them. We feel that weve got a safe environment at work. The conversation Ive had with many different officials is they understand with the protocols that people are safe at work. And so we look at all the work weve done, what we want to do now is build on that.

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Europe's shift to electric cars picks up despite recession

Read full article: Europe's shift to electric cars picks up despite recession

The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up despite a deeply painful recession, mainly thanks to the action of governments. (AP Photo/Jens Meyer, file)FRANKFURT The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. By contrast, electric car adoption is moving more slowly in the U.S. due to regulatory uncertainty. Last year, automakers sold 236,000 fully electric vehicles in the U.S., only 1.3% of the 17.3 million new vehicles that were purchased.

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Appeals court: CEOs of General Motors, Fiat Chrysler dont have to meet to settle lawsuit

Read full article: Appeals court: CEOs of General Motors, Fiat Chrysler dont have to meet to settle lawsuit

DETROIT General Motors is suing Fiat Chrysler for an alleged bribery scheme involving the United Auto Workers (UAW). A federal judge hearing the case wanted the companys CEOs to sit down and hash out a deal. READ: General Motors appeals ruling in FCA lawsuit after judge tells CEOs to make a dealGM filed a racketeering lawsuit against FCA and its now deceased CEO Sergio Marchionne last November. On June 23, a district judge ordered that CEOs Mary Barra of GM and Michael Manley of FCA to meet in person, without legal counsel. They were ordered to personally report back to the district judge on July 1 on their progress on settling the case.

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General Motors appeals ruling in FCA lawsuit after judge tells CEOs to make a deal

Read full article: General Motors appeals ruling in FCA lawsuit after judge tells CEOs to make a deal

DETROIT General Motors is suing Fiat Chrysler for an alleged bribery scheme involving the United Auto Workers (UAW). The federal judge hearing the case wants the companys CEOs to sit down and hash out a deal. But GM CEO Mary Barra is not interested in that. GM filed a racketeering lawsuit against FCA and its now deceased CEO Sergio Marchionne last November. READ: UAW president steps down as GM sues rival over union bribery

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Coronavirus in Michigan: Hereโ€™s what to know June 16, 2020

Read full article: Coronavirus in Michigan: Hereโ€™s what to know June 16, 2020

The number of confirmed cases of the coronavirus (COVID-19) in Michigan has risen to 60,064 as of Monday, including 5,772 deaths, state officials report. Mondayโ€™s total represents an increase of 74 cases and two additional deaths. Sundayโ€™s total was 59,990 confirmed cases and 5,770 deaths. New cases and deaths continue to slow in Michigan, along with hospitalizations. Hereโ€™s a look at the data in Michigan:Because of coronavirus (COVID-19), itโ€™s been a rough year for most businesses and the auto industry is doing its best to recover.

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General Motors CEO Mary Barra promises full production by the end of June

Read full article: General Motors CEO Mary Barra promises full production by the end of June

DETROIT Because of coronavirus (COVID-19), its been a rough year for most businesses and the auto industry is doing its best to recover. On Monday evening, General Motors CEO Mary Barra did an expansive fireside chat with the Automotive Press Association. Barra said she expects the auto industry to take a big sales hit. Barra expects no employee cuts in the near future and expects many officer workers to be headed back to their desks before too long. Were calling full production, but obviously in some segments were watching when market demand will be, Barra said.

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Detroit business leaders speak out against racism, institute plans to combat systemic problems

Read full article: Detroit business leaders speak out against racism, institute plans to combat systemic problems

DETROIT The CEOs of nine Detroit businesses were joined with Mayor Mike Duggan and Rev. Wendell Anthony to speak out against racism Wednesday morning. Dr. Wendell Anthony, President of Detroit Chapter of the NAACPMike Duggan, Mayor of DetroitThe group said they believe it is the responsibility of every American to speak out against the racism," and that they stand with the black community in calling for change across the nation.The business leaders said they are committing themselves and their companies to reject and eliminate all forms of bias, racism, sexism and violence. To back up their words, the group said their companies will be investing in programs and policies to help transform disparities that exist, locally and nationally. The group urged government officials to hold accountable all individuals involved with the deaths that have occurred.

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LIVE STREAM: 9 Detroit CEOs, including Mary Barra, Bill Ford, Chris Ilitch, speak on racism, injustice

Read full article: LIVE STREAM: 9 Detroit CEOs, including Mary Barra, Bill Ford, Chris Ilitch, speak on racism, injustice

DETROIT Nine CEOs from Detroits biggest companies are coming together to speak out against racism and injustice during a press event on Wednesday morning. The event is planned for 9:30 a.m. -- you can watch it live in the video player above. Who is participating:

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Detroit CEOs speak out against racisim, vow to make changes, right social wrongs

Read full article: Detroit CEOs speak out against racisim, vow to make changes, right social wrongs

DETROIT Business leaders from some of the nations largest companies gathered Wednesday morning at Detroit City Hall. ORIGINAL STORY: Detroit business leaders speak out against racism, institute plans to combat systemic problemsThe event was coordinated by Detroit Mayor Mike Duggan to speak out against racism and injustice. Dr. Wendell Anthony, President of Detroit Chapter of the NAACPMike Duggan, Mayor of DetroitDetroits NAACP leader Rev. Every one of us has a stake in the harsh reality that is life for minorities in America," Torgow said. Henry Ford Health System CEO Wright Lassiter grew up with civil rights leaders in his home -- his parents marched in Selma in 1965.

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General Motors CEO address concerns protesters across the country are expressing

Read full article: General Motors CEO address concerns protesters across the country are expressing

DETROIT General Motors CEO Mary Barra is looking to address the concerns protesters across the country are expressing. Protests have been taking place across the country following the death of George Floyd. A Minneapolis police officer is accused of pressing his knee into Floyds neck for several minutes. Barras letter is titled, there is a big difference between seeing whats wrong and doing whats right.In it, she commits to inclusion, condemning intolerance and standing up against injustice. She is looking to spend considerable time against the issue.

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AMD's Lisa Su is first woman to top AP's CEO pay analysis

Read full article: AMD's Lisa Su is first woman to top AP's CEO pay analysis

FILE - In this May 1, 2019 photo, Lisa Su, president and CEO of AMD, attends the opening bell at Nasdaq, in New York. Pay for women was up 2.3% from last year, looking at the median; the median change for men was 5.4%. The gain was driven primarily by rewards for performance, including $53 million in stock awards and $3 million in stock options, which vest over several years. To calculate CEO pay, Equilar adds salary, bonus, perks, stock awards, stock option awards, deferred compensation and other pay components that include benefits and perks. Stock awards can either be time-based, or performance-based, meaning the CEO has to meet certain goals before getting them.

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GM: First Ventec Critical Care V+Pro Ventilators are ready for delivery

Read full article: GM: First Ventec Critical Care V+Pro Ventilators are ready for delivery

Workers prepare to build ventilators at the GM manufacturing facility in Kokomo, Indiana, Monday, April 6, 2020, where GM and Ventec Life Systems are partnering to produce Ventec critical care ventilators in response to the COVID-19 pandemic. (Photo by AJ Mast for General Motors)DETROIT โ€“ General Motors announced Tuesday that its first Ventec Life Systems V+Pro critical care ventilators are ready for delivery to the U.S. governmentโ€™s Strategic National Stockpile. GM was awarded April 8 with a government contract with the U.S. Department of Health and Human Services (HHS) to build 30,000 ventilators by August. The automaker is working with Ventec Life Systems, a partnership announced in March, to produce the machines at its plant in Kokomo, Indiana. The automaker said it has the capacity to build more ventilators after August if needed.

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